Kolkata: UCO Bank Monday reported 147.09% y-o-y growth in net profit to Rs 551 crore in the first quarter of FY25, compared to Rs 223 crore in the same period last year.
New Delhi: Finance Minister Nirmala Sitharaman is all set to present the full Union Budget for the Financial Year 2024-25 on Tuesday July 23. There are a multitude of expectations from the Budget, the first from the newly elected Narendra Modi government. Many experts are of the opinion that the Modi government will lean towards a populist budget in its third term This is also driven by the fact that, lacking an absolute majority, the Bharatiya Janata Party needs to keep its coalition partners on board.
A sound healthcare system interconnected with long-term factors responsible for inclusive growth is vital for a resilient economy, underscores the Economic Survey 2023-24 tabled by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman in Parliament today.
'Robust' industrial growth of 9.5 percent was a key highlight of the Economic Survey 2023-24, presented by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, in Parliament today.
India has come a long way from being a food deficit and importing country in the 1960’s to being a net exporter of agricultural products, highlights The Economic Survey 2023-24, tabled by the Union Finance and Corporate Minister Nirmala Sitharaman in Parliament on Monday.
As the Indian concept of welfare transforms into empowerment, India is transitioning from women’s development to women-led development, highlights the Economic Survey 2023-2024.
The Economic Survey 2023-2024 highlighted economic empowerment of women notes that increased accesses to education and skill development, as well as other initiatives for women’s empowerment have elevated the participation of women in the nation’s development and progress.
The higher education sector, comprising tertiary and post-school learning in universities and other institutions, has witnessed acceleration in total enrolment coupled with rising ‘enrolment equity’ over the past eight years.
The Economic Survey tabled by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament on Monday, highlights the importance of the MSME sector in the Indian economy with an all-India manufacturing output of 35.4 percent.
For Medium, Small and Micro Enterprises (MSMEs), while bridging the credit gap remains a crucial element, the focus also needs to be on deregulation, enhancing physical and digital connectivity, and putting in place an export strategy that enables MSMEs to broaden their market exposure and scale up.
Rapid rise in patents and start-ups shows knowledge and innovation-backed economic growth in the country.
In recent years, various aspects of infrastructure development have been integrated with technology to improve the efficiency of infrastructure plans, designs, and assets, states the Economic Survey 2023-24 tabled by Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, in Parliament on Monday.
The integrated and sustainable development in rural India is at the heart of the Government’s strategy.
New Delhi/IBNS: The site of the planned final assembly line (FAL) to assemble and manufacture European aerospace major Airbus’s best-selling civil helicopter H125 in India is expected to be finalised soon with eight potential locations under active consideration, the Indian Express reported, quoting top Airbus Helicopters officials.
A recent report has said India’s ultra-high-net-worth individuals (UHNIs) hold the potential to enhance their philanthropic impact, with contributions potentially tripling to Rs 75,500 crore annually.
New Delhi: Overall business sentiment in India indicated buoyancy with the Business Confidence Index (BCI) at nearly 150 during the April-June quarter, rising from the last quarter (138) and higher than the corresponding period a year ago, according to an NCAER-NSE survey.
Mumbai: Jio Platforms Ltd, the digital services arm of India’s largest conglomerate and parent company of Reliance Jio Infocomm Ltd, reported an 11.7% increase in quarterly profit to Rs 5,698 crore compared to the previous year.
Mumbai: Vedanta Limited announced on Friday that it raised Rs 8,500 crore through a Qualified Institutions Placement (QIP), which launched on July 15, at a price of Rs 440 per share, media reported.
New Delhi: Insolvency proceedings against Byju's, once India’s largest startup with a valuation of $22 billion, could lead to mass employee layoffs and a complete halt of its services, Reuters reported, citing a court filing by its CEO.
Bengaluru: IT services major Wipro reported a net profit of Rs 3,036.6 crore for the first quarter of FY25, a 5.2 percent increase from the same period last year and a 6.2 percent rise quarter-on-quarter, media reported.
Mumbai: Bharat Petroleum Corporation Limited (BPCL) reported a standalone net profit of Rs 3,015 crore for the first quarter of the financial year 2024-25, a 71 percent decrease from the Rs 10,551 crore net profit in the same period last year.
Mumbai: Indian fast-moving consumer goods (FMCG) company, Patanjali Foods, reported a massive 200 percent rise in net profit YoY to Rs 262.9 crore in the first quarter ending June 30, 2024, media reported.
Mahindra Group Chairman Anand Mahindra, who is known for his influential presence on the internet, reacted to Microsoft's massive outage that disrupted operations across airlines, banks, and major corporations globally, impacting services from customer communications to financial transactions.
Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported an 11.5 percent rise in revenue, reaching Rs 2.58 lakh crore in the fiscal first quarter compared to the previous year, driven by growth across various segments.
In its latest development outlook, the Asian Development Bank has kept India's economic growth forecast unchanged at 7 percent for the fiscal year 2024.
Global investment company Temasek, which is headquartered in Singapore, might be investing $10 billion in India during the next three years.
Thrissur: South Indian Bank has declared a net profit of Rs 294 crore for the first quarter of FY 2024-25, recording a whopping 45% growth compared to Rs 202 crore in the same quarter of the previous fiscal year.
Mumbai: LTIMindtree on Wednesday reported a consolidated net profit of Rs 1,134 crore for the quarter ended June 30, 2024, a 1.5% decline from the Rs 1,152 crore reported in the same period last year, media reported.
Kolkata: Vodafone Idea today announced expansion of L900 technology in 3000 sites across Kolkata, to deliver a stronger indoor coverage experience for users.
Gurugram: BMW Motorrad is set to launch its CE 04 electric scooter in India on July 24, with pre-launch bookings already underway.
